FIIs bought equities worth ₹1,290.43 crore on April 22, 2025, according to exchange data.. File
| Photo Credit: The Hindu

Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday (April 23, 2025) driven by a sharp rally in global markets and foreign fund inflows.

Buying in blue-chip IT stocks also added to investors’ optimism.

The 30-share BSE benchmark Sensex jumped 658.96 points to 80,254.55 in early trade. The NSE Nifty rallied 192.05 points to 24,359.30.

From the Sensex firms, HCL Tech surged over 6% after the firm posted an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore.

Tech Mahindra, Infosys, Tata Consultancy Services, Tata Motors and Maruti were also among major gainers.

Eternal, Bajaj Finance, HDFC Bank and State Bank of India were among the laggards.

In Asian markets, South Korea’s Kospi index, Tokyo’s Nikkei 225, Shanghai SSE Composite and Hong Kong’s Hang Seng were trading in the positive territory.

U.S. markets bounced back sharply on Tuesday (April 22, 2025). Nasdaq Composite surged 2.71%, Dow Jones Industrial Average jumped 2.66% and S&P 500 rallied 2.51%.

Foreign Institutional Investors (FIIs) bought equities worth ₹1,290.43 crore on Tuesday (April 22, 2025), according to exchange data.

“President Trump’s message that he has no intention of firing the Fed chief has calmed the U.S. markets. Trump’s remarks on Chinese tariffs indicate that he might reduce the U.S.-China tensions. The sustained buying by FIIs is a strong support to Indian markets,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

Global oil benchmark Brent crude climbed 0.67% to $67.89 a barrel.

The BSE benchmark climbed 187.09 points or 0.24% to settle at 79,595.59 on Tuesday (April 22, 2025). The Nifty went up by 41.70 points or 0.17% to 24,167.25.